Financing was the theme of the Carver County Board’s May 20 meeting, as the Board approved funding for the new Victoria Library, funding for an electronic invoice system within the county, $28 million in road and bridge project funding, and a land exchange.
The county first approved the project budget and construction agreement for the Victoria Library. In line with other county library projects, the city will provide the building and all that is included, while the county will provide the loose items: furniture, equipment, shelves, and signage, among other items, as stated in the construction agreement.
The Victoria Library will occupy roughly 4,000 square feet on the first floor of the soon to be built Victoria City Hall & Library building on Stieger Lake Lane.
The county approved a budgeted $550,000 for its part of the project including $174,000 for furniture, $157,000 for technology, and $219,000 for collection and materials. Funding will come from the debt service fund. Money was set aside in 2013 and 2014 for future debt service on the Southwest Reconnection Project, but that first payment isn’t schedule until 2015, and so funds are available to for other one-time projects. A total $550,000 will be allocated from that debt service fund for the Victoria Library.
The ground-breaking for the site is scheduled for June 2 and the city hopes to be in the building by the end of 2014. The library plans to move in January 2015.
The current Victoria Express Library will stay and retain its current services.
The county and Victoria will negotiate a joint powers agreement in the coming months. The city of Victoria has already approved the draft construction agreement.
One factor that could affect the project is a petition circulating in Victoria. The petition has gathered enough signatures for a reverse referendum, under certain financing. Regardless, the petition and its effects will not affect Carver County’s funding for the project.
Also on May 20, the Board approved a $66,200 EInvoice Software Program contract with RtVision. The program will allow vendors to electronically submit an invoice to the county and provides multiple advantages for Carver County including reduced processing times, the ability to track the status of the invoice, and access to view an image of the invoice when reviewing bills.
For partnering with RtVision on this experimental system, the county is eligible to receive up to $50,000 in development credits.
The recent (March 4) adaptation of a Road & Bridge Capital Improvement Plan including a proposed $28 million funding recommendation. At the May 20 session, the Board approved a resolution for a $10 million bond sale, with a 15-year term, and authorized staff to apply for a $18 million Transportation Revolving Loan Fund line of credit from the state. The county’s current “AAA” bond rating is not expected to be impacted by the new debt.
The CIP included the Southwest Reconnection Project and improvements along CSAH 10 from CSAH 30 to Highway 7 in the northern part of the county. Moving forward, the county will accept the bond sale results on June 3, will receive the bond sale proceeds on July 1, and excepts to receive the line of credit proceeds in the next 3-6 months.
Related to the CSAH 10 reconstruction, a right-of-way acquisition, professional services agreement, and land purchase for the project were all approved in the consent agenda.
In related items, the Board approved a land exchange along the Dakota Rail corridor. Additional right-of-way is needed for the CSAH 10 project and so the county has negotiated to acquire a 10.39-acre parcel on the east side of CSAH 10, on the south side of the Dakota Rail Regional Trail. In exchange, the Carver County Regional Rail Authority, along with the rail authorities of Hennepin and McLeod counties, consented to quit claim deed a portion of Dakota Rail land to private property owners in the area, which will cure an encroachment issue on that property on the west side of CSAH 10. Both parcels are of similar size and value and the swap is essentially a win-win for both the county and the property owner.
The next meeting of the Carver County Board will be June 3 at 9 a.m.
Contact Melissa Marohl at [email protected]